Fully occupied 8 unit rental building. All free market units.
Construction was completed May 2018
Over a 4% cap rate and only increasing as the rents recover from covid!
Yearly rental income: $257,700
Projected yearly income in 2025: $280,000
Yearly taxes: $58,162
Only Two units per floor. Front and back with the staircase in the middle.
First floor -
Front unit is a massive studio duplex. The rear unit is a 2 bedroom duplex with a massive back yard.
Second Floor -
Two large 1 bedroom units with a dining alcove that most use as a home office.
Third Floor -
Identical to the second floor but these units have large balconies.
Fourth Floor -
Two units, both are 2-bedroom duplex units with a balcony on the main floor and a large roof deck on the upper level.
All units have full sized washer dryers and high ceilings.